Nigerian central bank details funding for farmers
Programme is latest to aim at boosting production of import substitutes
Nigeria's central bank has published details of its scheme to finance the country's small-scale farmers.
The "Anchor Borrowers Programme", or ABP, aims to "create a linkage" between "anchor companies" that process food and farmers producing key agricultural products, the bank said on January 4.
The programme provided "farm inputs in kind and cash" to smallholders in order to boost production, stabilise supply to food companies and "address the country's negative balance of payments on food".
The
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